August 1st, 2012 The Latest Identity Theft Weapons: Smartphones and Social Media
Kirsten here with AllClear ID. Javelin Strategy & Research released a report recently showing that of the almost 12 million Americans who were victims of identity theft in 2011, two big causes are smart phones and social media. We think that these still new-ish technologies are ones that people don’t realize contain a lot of personal data.
Mitch Lipka, a consumer journalist notes “One heartening finding was that dollar losses by consumers remained stable last year despite the increase in the number of victims. Credit card issuers’ policies on fraudulent transactions — a $50 limit on losses, which is often waived — and quicker detection has limited out-of-pocket costs to consumers”.
Read the full article from Lipka online.
Views expressed are the personal views of the author, and do not represent the views of the National Foundation for Credit Counseling, its employees, its members, or its clients.